Zynga and Softbank Confirm Joint Venture in Asia and $150M in Funding

Zynga and Softbank have been secretly meeting in an effort to figure out how to tackle the Japenese market with high-quality, mass-appeal games. In June, news broke out that Zynga had ‘raised’ $150 million from Softbank Capital but we had no way of knowing how true that was. Zynga’s expansion into the Asian market, accelerated by acquisition of Chinese game developer XPD Media, is now solidified as the $150 million is confirmed. Zynga and Softbank will work in a joint venture to develop and distribute games across Japan.